An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. REUTERS/Kai Pfaffenbach
Uber has been grappling with competition both at home and abroad. In the United States, smaller rival Lyft has gained market share, which now stands at about 30 percent according to Second Measure analysts. Overseas, boss Dara Khosrowshahi has been dealing with challengers by selling out to overseas rivals in exchange for a smaller piece of the action.
Source: News Formal (newsformal.com)
KarenKKwok GinaChon Breakingviews Bad things do happen in the world, like natural disasters. But out of those situations always arise stories of ordinary people doing extraordinary things. parsisotope I_ASK_YOU
KarenKKwok GinaChon Breakingviews The New Zealand Massacre and the Role and Duty of the UN and the Security Council : The United Nations and the Security Council must adopt a binding resolution to criminalize all those who mention Islam , Muslims with terrorism Read more at the link
KarenKKwok GinaChon Breakingviews THE BEATLES DIDN'T NEED UBER
KarenKKwok GinaChon Breakingviews Bad things do happen in the world, like natural disasters. But out of those situations always arise stories of ordinary people doing extraordinary things. parsisotope I_ASK_YOU
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Uber gets an IPO boost from Middle East dealThe ride-hailing giant will pay $3 bln to acquire Dubai-based rival Careem. It shows the group, which is burning through $1 bln a year, can still spend to grow as it prepares to go public. Amid intense overseas competition, the move gives Uber one less thing to worry about.
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Uber drives Middle East mapping push ahead of IPO: sourceUber Technologies Inc is six months into a major mapping project that fills hole...
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Middle East payments IPO is spiciest in hot sectorNetwork International is planning a London listing that values it at up to $3 bln. A focus on emerging markets, where cash dominates, leaves plenty of room for electronic payments to take off. The risk is tech firms offer Middle Eastern and African shoppers a slicker alternative.
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Uber will buy Middle Eastern rival Careem in $3.1-billion deal, sources sayUber is set to announce a $3.1-billion cash-and-share deal to acquire its Dubai-based rival Careem Networks as early as this week, according to people with knowledge of the matter. Google search China - Huawei search Canada - Uber middle east data repository - Analytica Global Uber drops drivers pay to $.60 a mile in LA uber uberprotest la uberla
Source: latimes - 🏆 11. / 82 Read more »
Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle EastGlobal ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquir... uber believes they are too big to fail, well they are gona keep on expanding but their IPO is going to fail probably end up like standard oil and broken up into smaller companies across the globe.
Source: Reuters - 🏆 2. / 97 Read more »
Uber is buying its Middle East rival Careem for $3.1 billionUber is buying Careem, the biggest ride-hailing app in the Middle East. I thought Uber wasn’t profitable yet Seriously, a Middle-East ride service named Careem gives me this image of drivers careening through the city causing people to scream and run. Although it makes it harder to justify the valuation, I hardly see any rationale for this valuation.
Source: CNN - 🏆 4. / 95 Read more »
Uber announces $3.1 billion deal to buy Middle East rival CareemThe announcement comes as Uber approaches a much-anticipated IPO that reports have said could value the company at as much as $120 billion.
Source: CNBC - 🏆 12. / 72 Read more »
Uber confirms $3.1 billion deal to buy Middle East rival CareemThe announcement comes as Uber approaches a much-anticipated IPO that reports have said could value the firm at as much as $120 billion. Uber is the easiest short of this century. Look at $GPRO and $SNAP for their future chart
Source: CNBC - 🏆 12. / 72 Read more »
Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in the Middle EastUber said it would pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem. I just wondered how much tax they paid inorder to they can spear $3.1 billion to buy rival!!!! That's such a meta name. On Mars no time is to short traveling distance take forever cost on the Moon yes stainable you have to create a jump point halfway there achieve Mars Colonial City
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Uber acquires Middle East competitor Careem in $3.1B dealCareem became popular across the Middle East after giving passengers an option to pay by cash rather than just credit card.
Source: trtworld - 🏆 101. / 63 Read more »